Archer Daniels Midland Company $ADM Shares Sold by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors LLC sold 4,423 shares of Archer Daniels Midland, reducing its position by 43.5%, leaving it with 5,740 shares valued at approximately $303,000.
• Archer Daniels Midland recently declared a quarterly dividend of $0.51 per share, equating to an annual yield of 3.4% and a payout ratio of 89.87%.
• The stock has been rated as a "hold" by multiple analysts, with a current average price target of $55.50 and notable upgrades from firms such as UBS Group.

Prime Capital Investment Advisors LLC lowered its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 43.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,740 shares of the company's stock after selling 4,423 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Archer Daniels Midland were worth $303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADM. Charles Schwab Investment Management Inc. raised its stake in Archer Daniels Midland by 350.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock valued at $838,030,000 after buying an additional 13,579,379 shares in the last quarter. Wellington Management Group LLP raised its stake in Archer Daniels Midland by 17.9% during the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock valued at $1,197,568,000 after buying an additional 3,791,597 shares in the last quarter. Nuveen LLC acquired a new stake in Archer Daniels Midland during the first quarter valued at approximately $81,306,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Archer Daniels Midland during the 2nd quarter worth approximately $39,094,000. Finally, Invesco Ltd. raised its position in shares of Archer Daniels Midland by 8.5% during the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock worth $372,250,000 after purchasing an additional 607,767 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer Daniels Midland Stock Down 0.7%

ADM opened at $60.86 on Friday. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The stock has a market cap of $29.24 billion, a P/E ratio of 26.81, a P/E/G ratio of 3.24 and a beta of 0.70. The stock's 50 day moving average price is $60.78 and its 200 day moving average price is $53.81.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The firm had revenue of $21.70 billion for the quarter. As a group, research analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is presently 89.87%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target on the stock. UBS Group reiterated a "buy" rating and set a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Archer Daniels Midland in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $55.50.

About Archer Daniels Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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